Disclosures

Tessera Capital Partners, LLC ("Tessera") is broker-dealer, and a member of FINRA and SIPC. Information pertaining to the firm and its registered persons are available through the FINRA's Broker Check System or by calling the FINRA's Broker Check Hotline at (800) 289-9999. The firm also operates as a State Registered Investment Adviser and is registered with the SEC as a Municipal Advisor. A copy of Tessera's Form ADV Part I and II is available at the SEC's Investment Adviser Public Disclosure Site. Information pertaining to the MSRB and Municipal Advisors is available at www.msrb.org.

This site has been designed for informational purposes only and does not constitute an offer to sell and is not a solicitation of an offer to buy any security which may be referenced upon the site. Such offers can only be made where lawful under applicable law. The services and information provided through this site are for personal, noncommercial use and display. Tessera does not intend to provide investment advice through this site and does not represent that specific securities or services discussed are suitable for any investor. Investors are advised not to rely on any information contained in the site in the process of making a fully informed investment decision. Tessera does not, and this site does not intend to, render tax or legal advice.

Individuals and firms may only transact business in a jurisdiction after satisfying its licensing and qualification requirements or after being excluded or exempted. Broker/dealer, investment adviser, municipal advisor, broker-dealer agents and investment adviser representatives are some of the common names for registered firms and individuals.

Consumers should contact securities law administrators in their jurisdiction for information concerning the licensure status or disciplinary history of a registered individual or the firm. Summaries of information regarding registered agents and principals of Tessera, and regarding the firm may be found at FINRA's Broker Check site or at the SEC's Investment Advisor Public Disclosure Site.

The FINRA Regulation Public Disclosure Program is governed by federal law, Securities and Exchange Commission ("SEC") regulations and FINRA rules approved by the SEC. State Securities regulators also will provide information on brokers and securities firms to the general public. These State programs are governed by State laws and regulations which differ from the laws, regulations and rules governing the FINRA Regulation Public Disclosure Program. For a list of State securities regulators please visit www.nasaa.org.

FINRA believes its Public Disclosure Program is an important investor protection service, a view shared by Congress, the Securities and Exchange Commission ("SEC"), and the North American Securities Administrators Association ("NASAA").

This site is only intended for interested investors residing in states and countries in which Tessera is qualified to conduct broker/dealer related business.

Tessera's primary business is that of a Third Party Marketer who assists investment managers and Funds in raising capital for its investment strategies. For its services Tessera receives a fee from the managers or Funds with whom it contracts. Fees paid to Tessera shall not increase the fees that are charged to any clients for any investment. Tessera has a financial incentive to refer investors on behalf of the managers and Funds it represents. Tessera will not receive any compensation other than that which is outlined in its agreement with each investment manager or Fund with which it works. Information on the specific fee arrangements between Tessera and the manager or Funds which it represents may be available upon request.

Any complaints against the firm or one of its Registered Representatives should be submitted to Tessera's CCO Donna DiMaria by phone at 585-203-1480 or by email at donna.dimaria@tesseracapital.com. Tessera reserves and intends to exercise the right to review, monitor and retain the content of all e-mail communications.

Visitors to Tessera's website should be advised that at certain places we offer direct access or "links" to other internet websites. These sites contain information that has been created, published, maintained or otherwise posted by institutions or organizations independent of Tessera. Tessera does not endorse, approve, certify or control these websites and does not assume any responsibility for the accuracy, completeness or timeliness of the information located there. Visitors to these websites should not rely on information contained therein until consulting with an independent finance professional or before otherwise verifying the accuracy of such information. Tessera does not necessarily endorse or recommend any commercial product or services described on these websites. Furthermore, links to regulatory sites should not imply any endorsement of Tessera by that agency.

Business Continuity Plan

Tessera Capital Partners, LLC ("Tessera") has developed a Business Continuity Plan outlining how the firm will respond to events that significantly disrupt its business. Since the timing and impact of disasters and disruptions is unpredictable, the firm will have to be flexible in responding to actual events as they occur. With that in mind, the following information is being provided to you regarding Tessera's business continuity plan.

Contacting Us - if after a significant business disruption you cannot contact us as you usually do at 585-203-1480, you should call our alternative number 917-816-2528.

Our Business Continuity Plan - Tessera plans to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting the firm's books and records, and allowing our customers to transact business. In short, our business continuity plan is designed to permit the firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption.

Tessera's business continuity plan addresses data back-up and recovery; all mission critical systems; financial and operational assessments; alternative communications with customers, employees, and regulators; alternate physical location of employees; critical supplier, contractor, bank and counter-party impact; and regulatory reporting.

While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, it is our objective to restore operations and be able to complete existing business and/or continue to conduct business within a reasonable amount of time based on the robust systems, fault tolerance and effective recovery from system errors or disruptions.

Varying Disruptions - Significant business disruptions can vary in their scope, and may affect only our firm, the building housing our firm, the business district where our firm is located, the city where we are located, or the whole region. Within each of these areas, the severity of the disruption can also vary from minimal to severe. In a disruption to only our firm or the building housing our firm, we will transfer our operations to a local site when needed and expect to recover and resume business within 1 business day. In a disruption affecting our business district, city, or region, we will transfer our operations to a site outside of the affected area, and recover and resume business within 3 business days. In either situation, we plan to continue in business, and notify you by telephone or our customer emergency number, 917-816-2528. If the significant business disruption is so severe that it prevents us from remaining in business, we will inform you.

Privacy Policy

Tessera Capital Partners, LLC ("Tessera") sometimes obtains financial and personal information. Tessera will protect the information you have provided in a manner that is safe, secure and professional. Tessera and its employees are committed to protecting your privacy and to safeguarding that information.

Safeguarding Documents -We collect non-public data in checklists, forms, in written notations, and in documentation provided to us for evaluation, registration, licensing or related consulting services. We also create internal lists of such data. During regular business hours access to non-public record is monitored so that only those with approval may access the files. During hours in which the company is not in operation, all records will be locked. No individual who is not so authorized shall obtain or seek to obtain personal and/or financial information. No individual with authorization to access personal and/or financial information shall share that information in any manner without the specific consent of a firm principal. Failure to observe Tessera procedures regarding this privacy policy will result in discipline and may lead to termination.

Sharing Nonpublic Personal and Financial Information - Tessera is committed to the protection and privacy of all personal and financial information. Tessera will not share such information with any nonaffiliated third party except:

• With persons assessing compliance with industry standards, or to the attorneys, accountants and auditors of the firm;
• In connection with a sale or merger of Tessera's business;
  
• To protect against or prevent actual or potential fraud, identity theft, unauthorized transactions, claims or other liability;
• To comply with federal, state or local laws, rules and other applicable legal requirements;
• With the individual or entities consent; or
  Pursuant to any other exceptions enumerated in the California Information Privacy Act.

Opt-Out Provisions - It is not the policy of Tessera to share nonpublic personal and/or financial information with unaffiliated third parties except under the circumstances noted above. Since sharing under the circumstances noted above is necessary to service your account or is mandated by law, there are no allowances made for an individual or an entity to opt out.

If you have questions about any of the information provided above, please contact Donna DiMaria, Tessera's Chief Compliance Officer at 585-203-1480 or donna.dimaria@tesseracapital.com